I’m sorry that you’ve had a hard time finding a place to rent.

Main house rents for 2100/mo and I have an additional lot that I rent to a tiny house for $660/mo What made you interested in investing in this type of deal?

Purchase price: $73,000 Cash invested: $25,000 Current market rent $1295 vs $1300 for Section 8.

You might go by the Dallas HA office and see if you can speak with someone to see how they determine rents or see if they still have their landlord seminar. 

If you're not willing to raise the rent on your tenants, I would sell it.

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

O course, can't find a tenant and have to beg owner to lower rent due to condition.

There is around 500k equity in the property. 150k-200k would get the property fully rented at top dollar with desirable tenants. 100k would get it to where I can rent all the units back out at fair reasonable market rents.

These are people who normally buy homes but temporarily rent while resolving whatever life circumstances made renting a better option.

If the market is tough, I reduce the rent rate over the full 12-month term.